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Earnings
First Interstate reports Q3 EPS 76c, consensus 69c » 16:27
10/26/20
10/26
16:27
10/26/20
16:27
FIBK

First Interstate

$36.32 /

-0.49 (-1.33%)

Reports Q3 NII $123.0M…

Reports Q3 NII $123.0M vs. $125.5M last year. Reports Q3 provision for loan loss $5.2M vs. $2.6M last year and net interest margin 3.29% vs. 3.93% last year.

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FIBK First Interstate
$36.32 /

-0.49 (-1.33%)

FIBK First Interstate
$36.32 /

-0.49 (-1.33%)

05/04/20 Wells Fargo
First Interstate price target raised to $35 from $28 at Wells Fargo
04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
FIBK First Interstate
$36.32 /

-0.49 (-1.33%)

Hot Stocks
First Interstate raises quarterly dividend to 38c from 34c per share » 16:25
10/26/20
10/26
16:25
10/26/20
16:25
FIBK

First Interstate

$36.32 /

-0.49 (-1.33%)

The dividend is payable…

The dividend is payable on November 16, 2020, to common stockholders of record as of November 6, 2020.

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FIBK First Interstate
$36.32 /

-0.49 (-1.33%)

FIBK First Interstate
$36.32 /

-0.49 (-1.33%)

05/04/20 Wells Fargo
First Interstate price target raised to $35 from $28 at Wells Fargo
04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
FIBK First Interstate
$36.32 /

-0.49 (-1.33%)

Hot Stocks
First Interstate adds 3M shares to repurchase authorization » 09:31
09/15/20
09/15
09:31
09/15/20
09:31
FIBK

First Interstate

$32.06 /

+0.6 (+1.91%)

In a regulatory filing…

In a regulatory filing after Monday's close, First Interstate BancSystem disclosed that on September 12, the board of directors of the company approved a three million share increase to the number of shares of Class A common stock of the company that the company may purchase from time to time under its previously announced stock repurchase program. The shares may be repurchased from time to time pursuant to the company's Rule 10b5-1 trading plans approved by the company during the company's open trading windows under its Insider Trading Policy, and otherwise. As with the shares already repurchased by the company since the program's inception, any repurchased shares will be returned to authorized but unissued shares of Class A common stock of the company in accordance with Montana law.

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FIBK First Interstate
$32.06 /

+0.6 (+1.91%)

FIBK First Interstate
$32.06 /

+0.6 (+1.91%)

05/04/20 Wells Fargo
First Interstate price target raised to $35 from $28 at Wells Fargo
04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
FIBK First Interstate
$32.06 /

+0.6 (+1.91%)

Over a quarter ago
Earnings
First Interstate reports Q2 EPS 58c, consensus 51c » 16:21
07/27/20
07/27
16:21
07/27/20
16:21
FIBK

First Interstate

$29.62 /

-0.66 (-2.18%)

Reports Q2 revenue…

Reports Q2 revenue $162.7M, consensus $166.09M. During the second quarter of 2020, the Company recorded a provision for credit losses of $19.5 million, compared to $29.0 million during the first quarter of 2020, and $3.8 million during the second quarter of 2019. The provision includes the impact of net charge-offs of $2.3 million, or 0.09% of average loans outstanding, for the second quarter of 2020, compared to $3.1 million, or 0.14% of average loans outstanding, for the first quarter of 2020, and $2.0 million, or 0.09% of average loans outstanding for the second quarter of 2019. The Company's allowance for credit losses on loans as a percentage of period-end loans held for investment, including PPP loans, increased to 1.46% at June 30, 2020, compared to 1.45% at March 31, 2020, and 0.82% at June 30, 2019.

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FIBK First Interstate
$29.62 /

-0.66 (-2.18%)

FIBK First Interstate
$29.62 /

-0.66 (-2.18%)

05/04/20 Wells Fargo
First Interstate price target raised to $35 from $28 at Wells Fargo
04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
FIBK First Interstate
$29.62 /

-0.66 (-2.18%)

Recommendations
First Interstate price target raised to $35 from $28 at Wells Fargo » 07:58
05/04/20
05/04
07:58
05/04/20
07:58
FIBK

First Interstate

$31.75 /

-2.22 (-6.54%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw raised the firm's price target on First Interstate to $35 from $28 as PPP benefit offsets provision costs this year. The analyst keeps an Overweight rating on the shares.

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FIBK First Interstate
$31.75 /

-2.22 (-6.54%)

04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
Earnings
First Interstate reports Q1 EPS 45c, consensus 64c » 16:12
04/30/20
04/30
16:12
04/30/20
16:12
FIBK

First Interstate

$33.86 /

-0.59 (-1.71%)

The fourth quarter of…

The fourth quarter of 2019 earnings included acquisition costs related to the acquisitions of Idaho Independent Bank and Community 1st Bank, both of which were acquired on April 8, 2019. Mortgage banking revenues increased 67.9% to $13.6 million, for the first quarter of 2020, compared to $8.1 million for the fourth quarter of 2019, and increased 231.7%, from $4.1 million, compared to the first quarter of 2019. Net interest margin ratio, on a fully taxable equivalent basis, decreased to 3.90% for the first quarter of 2020, a four-basis point decrease from the prior quarter and a 14-basis point decrease from the same period in the prior year. "Despite the challenging operating environment, we are pleased that our first quarter results reflect the continuation of our solid core operating performance," said Kevin P. Riley, President and CEO of First Interstate BancSystem, Inc. "We are fortunate that the markets in which we operate have been among the areas of the country least impacted by the COVID-19 pandemic. For those clients that have been impacted by this crisis, we have implemented a number of relief programs to help them during this challenging period, including quickly providing them with access to the Small Business Administration's PPP. As the second round of PPP funding begins, our bankers are working diligently to assist both existing and new clients with their applications.

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FIBK First Interstate
$33.86 /

-0.59 (-1.71%)

04/01/20 Keefe Bruyette
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette
Upgrade
First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette » 11:55
04/01/20
04/01
11:55
04/01/20
11:55
FIBK

First Interstate

$27.41 /

-1.41 (-4.89%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Jacquelynne Bohlen upgraded First Interstate to Outperform from Market Perform with a $39 price target.

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FIBK First Interstate
$27.41 /

-1.41 (-4.89%)

04/11/19 Baird
First Interstate assumed with a Neutral at Baird
Hot Stocks
First Interstate says has enhanced oversight and monitoring of credit portfolio » 15:22
03/23/20
03/23
15:22
03/23/20
15:22
FIBK

First Interstate

$26.71 /

+0.68 (+2.61%)

In a regulatory filing…

In a regulatory filing earlier, First Interstate said: "Although we have not seen any material impacts to our clients at this time, we have enhanced our oversight and monitoring of our credit portfolio." In presentation slides, First Insterstate said it has "no hotel loan with a balance greater than $20M" and that "approximately $162M of Hotel Portfolio Commitments are Construction loans to be completed later in 2020."

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FIBK First Interstate
$26.71 /

+0.68 (+2.61%)

04/11/19 Baird
First Interstate assumed with a Neutral at Baird
Syndicate
First Interstate files automatic mixed securities shelf  17:32
03/16/20
03/16
17:32
03/16/20
17:32
FIBK

First Interstate

$25.89 /

-2.31 (-8.19%)

 
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FIBK First Interstate
$25.89 /

-2.31 (-8.19%)

04/11/19 Baird
First Interstate assumed with a Neutral at Baird
Conference/Events
Stephens to hold a plane trip » 08:08
02/24/20
02/24
08:08
02/24/20
08:08
BANR

Banner Corp.

$53.07 /

-0.63 (-1.17%)

, FFWM

First Foundation

$16.59 /

-0.21 (-1.25%)

, FIBK

First Interstate

$39.84 /

-0.15 (-0.38%)

, GBCI

Glacier Bancorp

$43.12 /

-0.77 (-1.75%)

, HFWA

Heritage Financial

$26.76 /

-0.14 (-0.52%)

, IBTX

Independent Bank

$54.83 /

-1.83 (-3.23%)

, NBHC

National Bank

$34.19 /

-0.28 (-0.81%)

, OPB

Opus Bank

$27.80 /

+0.04 (+0.14%)

, PACW

PacWest Bancorp

$36.41 /

-0.63 (-1.70%)

, PPBI

Pacific Premier

$30.26 /

-0.25 (-0.82%)

, SIVB

SVB Financial

$261.41 /

-9.4 (-3.47%)

, TCBK

TriCo Bancshares

$37.21 /

-0.14 (-0.37%)

, UMPQ

Umpqua Holdings

$17.76 /

-0.24 (-1.33%)

, WAFD

Washington Federal

$34.61 /

-0.41 (-1.17%)

, WAL

Western Alliance

$55.91 /

-2.255 (-3.88%)

West Coast Bank Plane…

West Coast Bank Plane Trip will begin in Denver on February 24 and ends in Seattle on February 26.

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BANR Banner Corp.
$53.07 /

-0.63 (-1.17%)

06/11/19
Banner Corp. upgraded to Buy from Neutral at DA Davidson
06/11/19 DA Davidson
Banner Corp. upgraded to Buy from Neutral at DA Davidson
FFWM First Foundation
$16.59 /

-0.21 (-1.25%)

01/09/20 B. Riley Securities
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
11/19/19 Janney Montgomery Scott
Janney notes bank exposure to commercial real estate at record high
FIBK First Interstate
$39.84 /

-0.15 (-0.38%)

04/11/19 Baird
First Interstate assumed with a Neutral at Baird
GBCI Glacier Bancorp
$43.12 /

-0.77 (-1.75%)

12/24/19 DA Davidson
Glacier Bancorp price target raised to $48 from $45 at DA Davidson
HFWA Heritage Financial
$26.76 /

-0.14 (-0.52%)

11/12/19 DA Davidson
Heritage Financial downgraded to Neutral from Buy at DA Davidson
11/12/19 DA Davidson
Heritage Financial downgraded to Neutral from Buy at DA Davidson
07/26/19 Janney Montgomery Scott
Heritage Financial downgraded to Neutral from Buy at Janney Montgomery Scott
04/26/19 Sandler O'Neill
Heritage Financial downgraded to Hold after earnings miss at Sandler O'Neill
IBTX Independent Bank
$54.83 /

-1.83 (-3.23%)

02/20/20 UBS
Texas Capital upgraded to Neutral from Sell at UBS
01/29/20 Stephens
Stephens ups Independent Bank to Overweight, says integration risk priced in
01/29/20 Stephens
Independent Bank upgraded to Overweight from Equal Weight at Stephens
12/18/19 Stephens
Independent Bank downgraded to Equal Weight from Overweight at Stephens
NBHC National Bank
$34.19 /

-0.28 (-0.81%)

01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
National Bank upgraded to Overweight on expense 'urgency' at Stephens
01/02/20 Stephens
National Bank upgraded to Overweight from Equal Weight at Stephens
10/24/19 Sandler O'Neill
National Bank downgraded to Hold from Buy at Sandler ONeill
OPB Opus Bank
$27.80 /

+0.04 (+0.14%)

02/06/20 Stephens
Opus Bank downgraded to Equal Weight from Overweight at Stephens
02/05/20 Piper Sandler
Opus Bank upgraded to Overweight from Neutral at Piper Sandler
01/27/20 Keefe Bruyette
Opus Bank upgraded to Outperform from Market Perform at Keefe Bruyette
12/11/19 Stephens
Opus Bank initiated with an Overweight at Stephens
PACW PacWest Bancorp
$36.41 /

-0.63 (-1.70%)

08/23/19
Fly Intel: Top five analyst initiations
08/23/19 RBC Capital
PacWest Bancorp initiated with an Outperform at RBC Capital
07/08/19 Raymond James
PacWest Bancorp downgraded to Market Perform at Raymond James
07/08/19 Raymond James
PacWest Bancorp downgraded to Market Perform from Strong Buy at Raymond James
PPBI Pacific Premier
$30.26 /

-0.25 (-0.82%)

06/07/19 Janney Montgomery Scott
Pacific Premier downgraded to Neutral from Buy at Janney Montgomery Scott
SIVB SVB Financial
$261.41 /

-9.4 (-3.47%)

01/27/20 Truist
SVB Financial price target raised to $293 from $285 at SunTrust
01/27/20 Maxim
SVB Financial price target raised to $300 from $275 at Maxim
01/09/20 BofA
SVB Financial named top pick for 2020 at BofA
01/09/20 BofA
Amazaon, Wix.com, & SVB Financial added to US 1 List at BofA
TCBK TriCo Bancshares
$37.21 /

-0.14 (-0.37%)

07/12/19
Fly Intel: Top five analyst initiations
07/12/19 Piper Sandler
TriCo Bancshares initiated with a Neutral at Piper Jaffray
07/09/19 Stephens
TriCo Bancshares downgraded to Equal Weight from Overweight at Stephens
UMPQ Umpqua Holdings
$17.76 /

-0.24 (-1.33%)

01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
01/02/20 Stephens
Umpqua Holdings upgraded to Overweight from Equal Weight at Stephens
07/19/19 Raymond James
Raymond James reiterates Outperform, but lowers target on Umpqua
WAFD Washington Federal
$34.61 /

-0.41 (-1.17%)

02/19/20
Fly Intel: Top five analyst initiations
02/18/20 Stephens
Washington Federal initiated with an Equal Weight at Stephens
WAL Western Alliance
$55.91 /

-2.255 (-3.88%)

08/23/19 Wedbush
Western Alliance added to Best Ideas List at Wedbush
04/24/19 Wells Fargo
Western Alliance price target raised to $58 from $53 at Wells Fargo

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